Report Overview - The report provides a snapshot of the global asset market performance on September 1, 2025, including government bond yields, exchange rates, stock indices, and futures trading data [2] Global Asset Market Performance Government Bond Yields - **10 - year government bond yields**: In the US, it was 4.230 on August 29, 2025, with a latest change of 0.025, a one - week change of - 0.025, a one - month change of 0.012, and a one - year change of 0.428. Different countries showed various trends in yield changes over different time frames [2] - **2 - year government bond yields**: For example, the US 2 - year yield was 3.590 on August 29, 2025, with a latest change of - 0.020, a one - week change of - 0.150, a one - month change of - 0.080, and a one - year change of - 0.470 [2] Exchange Rates - **Dollar against major emerging economies' currencies**: Against the Brazilian real, the exchange rate was 5.430 on August 29, 2025, with a latest change of 0.28%, a one - week change of 0.07%, a one - month change of - 2.03%, and a one - year change of - 1.08% [2] - **Renminbi**: The on - shore RMB was 7.131 on August 29, 2025, with a latest change of 0.00%, a one - week change of - 0.51%, a one - month change of - 0.87%, and a one - year change of - 0.01% [2] Stock Indices - **Major economies' stock indices**: The S&P 500 was at 6460.260 on August 29, 2025, with a latest change of - 0.64%, a one - week change of - 0.10%, a one - month change of 3.56%, and a one - year change of 14.93% [2] - **Asian stock indices**: The Hang Seng Index was 25077.620 on August 29, 2025, with a latest change of 0.32%, a one - week change of - 1.03%, a one - month change of 2.33%, and a one - year change of 44.20% [2] Credit Bond Indices - **Investment - grade and high - yield bond indices**: The US investment - grade credit bond index was 3463.740 on August 29, 2025, with a latest change of - 0.25%, a one - week change of - 0.08%, a one - month change of 0.35%, and a one - year change of 3.38% [2] Futures Trading Data Stock Index Futures - **Index performance**: The A - share index closed at 3857.93 with a 0.37% increase. The CSI 300 closed at 4496.76 with a 0.74% increase [3] - **Fund flow**: The latest A - share fund flow was - 952.48, and the 5 - day average was - 1067.85 [3] - **Trading volume**: The latest trading volume of the two Shanghai and Shenzhen stock markets was 27982.97, with a month - on - month change of - 1725.06 [3] Treasury Bond Futures - **Closing prices and changes**: The T00 treasury bond futures closed at 108.050 with a - 0.15% change, and the TF00 closed at 105.665 with a - 0.04% change [4] - **Funding rates**: The R001 funding rate was 1.4184% with a daily change of - 14.00 BP, and the R007 was 1.5171% with a - 4.00 BP change [4]

Report Information - Report Date: August 29, 2025 [2] - Report Team: Macro Team of the Research Center [2] Global Asset Market Performance 10-Year Treasury Yields of Major Economies - On August 28, 2025, yields in the US, UK, France, etc. were 4.205%, 4.699%, 3.477% respectively [3] - Latest changes ranged from -0.076% (Brazil) to 0.020% (Japan) [3] - One-year changes varied from -0.355% (Japan) to 0.784% (UK) [3] 2-Year Treasury Yields of Major Economies - On August 28, 2025, yields in the US, UK, Germany were 3.610%, 3.932%, 1.931% respectively [3] - Latest changes were from -0.120% (US) to 0.033% (South Korea) [3] - One-year changes were from -0.692% (Italy) to 0.249% (UK) [3] Exchange Rates of the US Dollar Against Major Emerging Economies' Currencies - On August 28, 2025, rates against Brazil, Russia, South Africa were 5.415, -, 17.698 respectively [3] - Latest changes were from -0.71% (South Korean won) to 0.02% (South African rand) [3] - One-year changes were from -5.36% (Thai baht) to 4.07% (South Korean won) [3] Stock Indices of Major Economies - On August 28, 2025, indices like S&P 500, Dow Jones, NASDAQ were 6501.860, 45636.900, 21705.160 respectively [3] - Latest changes were from -1.16% (Taiwan stock index) to 0.86% (Mexico stock index) [3] - One-year changes were from -5.88% (Thai stock index) to 35.93% (Spain stock index) [3] Credit Bond Indices - Latest changes were from -0.07% (Eurozone investment-grade) to 0.37% (Emerging economies' high-yield) [3][4] - One-year changes were from 3.84% (US investment-grade) to 13.45% (Emerging economies' high-yield) [3][4] Stock Index Futures Trading Data Index Performance - Closing prices of A-shares, CSI 300, SSE 50 were 3843.60, 4463.78, 2960.73 respectively [5] - Price changes were from 1.14% (A-shares) to 3.82% (ChiNext) [5] Valuation - PE (TTM) of CSI 300, SSE 50, CSI 500 were 13.86, 11.78, 32.73 respectively [5] -环比 changes were mostly 0.00, except S&P 500 with 0.09 [5] Risk Premium - 1/PE - 10-year interest rate of S&P 500 was -0.50, Germany DAX was 2.33 [5] -环比 changes were 0.02 (S&P 500) and 0.00 (Germany DAX) [5] Fund Flows - Latest values of A-shares, main board, ChiNext were -475.66, -570.85, -18.92 respectively [5] - 5-day average values were -668.34, -576.89, -114.20 respectively [5] Transaction Amounts - Latest values of Shanghai and Shenzhen stock markets, CSI 300, SSE 50 were 29708.03, 7394.24, 1952.15 respectively [5] -环比 changes were from -1947.62 (Shanghai and Shenzhen stock markets) to -24.39 (SSE 50) [5] Main Contract Premiums or Discounts - Basis of IF, IH, IC were -3.38, -0.93, -44.16 respectively [5] - Premium or discount rates were from -0.63% (IC) to -0.03% (IH) [5] Treasury Bond Futures Trading Data Closing Prices - Closing prices of T00, TF00, T01, TF01 were 108.040, 105.620, 107.795, 105.460 respectively [6] - Price changes were from 0.01% (T00) to 0.04% (TF00) [6] Fund Interest Rates - R001, R007, SHIBOR - 3M were 1.3643%, 1.5636%, 1.5500% respectively [6] - Daily changes were from -18.00 BP (R001) to 0.00 BP (SHIBOR - 3M) [6]

Global Asset Market Performance 10 - Year Treasury Yields of Major Economies - On August 27, 2025, the 10 - year Treasury yields in the US, UK, France, etc. were 4.235%, 4.735%, 3.517% respectively. The latest changes ranged from - 0.069% (Japan) to 0.076% (China), with weekly, monthly, and annual changes also varying across countries [3]. 2 - Year Treasury Yields of Major Economies - On August 27, 2025, the 2 - year Treasury yields in the US, UK, Germany, etc. were 3.730%, 3.960%, 1.912% respectively. The latest changes ranged from - 0.023% (Germany) to 0.050% (US), with different weekly, monthly, and annual changes [3]. US Dollar Exchange Rates Against Major Emerging - Market Currencies - On August 27, 2025, the exchange rates of the US dollar against the Brazilian real, Russian ruble, etc. had latest changes from - 0.25% (Brazil) to 0.39% (Malaysian ringgit), with varying weekly, monthly, and annual changes [3]. Stock Indices of Major Economies - On August 27, 2025, the closing prices of major stock indices like the S&P 500, Dow Jones Industrial Average, etc. were reported. The latest changes ranged from - 1.76% (Shanghai Composite Index) to 0.89% (Mexican stock index), with different weekly, monthly, and annual changes [3]. Credit Bond Indices - The latest, weekly, monthly, and annual changes of credit bond indices such as US investment - grade, euro - zone investment - grade, etc. were presented, with the latest changes ranging from - 0.02% (emerging - market high - yield) to 0.12% (euro - zone investment - grade) [3][4]. Futures Trading Data Stock Index Futures - The closing prices, price changes, valuations, risk premiums, fund flows, trading volumes, and basis spreads of A - share, CSI 300, SSE 50, etc. were reported. For example, the CSI 300 closed at 4386.13 with a - 1.49% change [5]. Treasury Bond Futures - The closing prices and price changes of Treasury bond futures T00, TF00, T01, TF01 were reported, with prices of 108.200, 105.660, 108.020, 105.590 respectively and price changes of 0.04%, 0.02%, 0.04%, 0.03% [6]. Other Information - The report was released by the macro team of the research center on August 28, 2025 [2] - The report also mentioned the performance of the domestic and foreign currency markets, bond markets, stock markets, and exchange - rate markets [7][8]

Global Asset Market Performance - The 10-year government bond yields of major economies on August 26, 2025, showed various values and changes. For example, the US was 4.262 with a latest change of -0.014, a one - week change of -0.045, a one - month change of -0.059, and a one - year change of 0.378 [2]. - The 2 - year government bond yields also had different figures. The US 2 - year yield on August 26, 2025, was 3.680 with a latest change of -0.110, a one - week change of -0.070, a one - month change of -0.080, and a one - year change of -0.260 [2]. - The exchange rates of the US dollar against major emerging economies' currencies on August 26, 2025, had different changes. For the Brazilian real, the latest change was 0.37% and the one - week change was -1.34% [2]. - Major economies' stock indices had different performances on August 26, 2025. The S&P 500 closed at 6465.940 with a latest change of 0.41%, a one - week change of 0.85%, a one - month change of 1.49%, and a one - year change of 16.41% [2]. - Credit bond indices showed different changes. The US investment - grade credit bond index had a latest change of 0.04%, a one - week change of 0.25%, a one - month change of 0.86%, and a one - year change of 4.11% [2][3]. Stock Index Futures Trading Data - Index performances: A - shares closed at 3868.38 with a decline of 0.39%. The PE (TTM) of the S&P 500 was 27.49 with a环比 change of 0.11 [4]. - Fund flows: The latest value of A - share fund flow was -952.90, and the near 5 - day mean was -305.08 [4]. - Transaction amounts: The latest value of the Shanghai and Shenzhen stock exchanges' transaction amount was 26790.20 with a环比 change of -4621.17 [4]. - Main contract basis and spreads: The basis of IF was -3.59 with a spread of -0.08% [4]. Treasury Bond Futures Trading Data - Treasury bond futures: T00 closed at 108.185 with a rise of 0.21%, and TF00 closed at 105.620 with a rise of 0.11% [5]. - Fund rates: R001 was 1.3596% with a daily change of -20.00 BP [5].

Report Summary 1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints - The report presents the performance data of global asset markets on August 19, 2025, including major economies' 10 - year and 2 - year treasury bond yields, dollar exchange rates against major emerging economies' currencies, major economies' stock indices, stock futures trading data, and treasury futures trading data [3][5][6] 3. Summary by Relevant Catalogs Global Asset Market Performance - **Treasury Bond Yields**: - **10 - year Treasury Bond Yields**: On August 19, 2025, the 10 - year treasury bond yields of the US, UK, France, etc. were 4.307%, 4.739%, 3.435% respectively. The latest, weekly, monthly, and yearly changes varied across different economies. For example, the US had a latest change of - 0.027, a weekly change of 0.016, a monthly change of - 0.039, and a yearly change of 0.366 [3] - **2 - year Treasury Bond Yields**: The 2 - year treasury bond yields of the US, UK, Germany, etc. were 3.750%, 3.975%, 1.955% respectively on August 19, 2025. Their latest, weekly, monthly, and yearly changes also differed. For instance, the US had a latest change of 0.010, a weekly change of - 0.010, a monthly change of 0.060, and a yearly change of - 0.250 [3] - **Exchange Rates**: - **Dollar against Emerging Economies' Currencies**: On August 19, 2025, the dollar - to - Brazilian real exchange rate was 5.506, with a latest change of 1.28% and a weekly change of 2.17%. The exchange rates and their changes against other emerging economies' currencies also varied [3] - **Renminbi**: The on - shore, off - shore, mid - price, and 12 - month NDF of the renminbi on August 19, 2025 were 7.182, 7.187, 7.136, and 7.026 respectively, with different latest, weekly, monthly, and yearly changes [3] - **Stock Indices**: - **Major Economies' Stock Indices**: On August 19, 2025, the S&P 500, Dow Jones Industrial Average, and NASDAQ were 6411.370, 44922.270, and 21314.950 respectively. Their latest, weekly, monthly, and yearly changes were different. For example, the S&P 500 had a latest change of - 0.59%, a weekly change of - 0.53%, a monthly change of 1.61%, and a yearly change of 19.97% [3] - **Other Stock Indices**: The performance of other stock indices such as the Nikkei, Hang Seng Index, and Shanghai Composite Index also had their own characteristics in terms of latest, weekly, monthly, and yearly changes [3] Stock Futures Trading Data - **Index Performance**: The closing prices of A - shares, CSI 300, SSE 50, etc. were 3727.29, 4223.37, 2812.42 respectively on August 19, 2025, with corresponding percentage changes [5] - **Valuation**: The PE (TTM) of CSI 300, SSE 50, and CSI 500 were 13.53, 11.50, and 31.78 respectively, with their respective环比 changes [5] - **Fund Flow**: The latest values of fund flow for A - shares, the main board, etc. were - 1132.47, - 717.50 respectively, and the 5 - day average values also varied [5] - **Trading Volume**: The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, etc. were 25883.69, 5535.36 respectively, with corresponding环比 changes [5] - **Main Contract Premium/Discount**: The basis of IF, IH, and IC were - 7.17, 2.98, - 55.31 respectively, with corresponding percentage changes [5] Treasury Futures Trading Data - **Closing Prices and Percentage Changes**: The closing prices of treasury futures T00, TF00, T01, TF01 were 108.055, 105.540, 107.950, 105.475 respectively on August 19, 2025, with percentage changes of - 0.26%, - 0.19%, - 0.30%, - 0.27% respectively [6] - **Funding Rates**: The R001, R007, and SHIBOR - 3M were 1.5473%, 1.5581%, 1.5500% respectively, with daily changes of 5.00BP, 6.00BP, 0.00BP respectively [6]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary by Relevant Catalogs Global Asset Market Performance - **10 - Year Treasury Yields**: On August 18, 2025, the 10 - year Treasury yields in the US, UK, France, etc. were 4.334%, 4.737%, 3.447% respectively. The latest changes ranged from - 0.033 (Italy) to 0.041 (UK), weekly changes from - 0.004 (Japan) to 0.173 (UK), monthly changes from - 0.126 (Switzerland) to 0.155 (France), and annual changes from - 0.274 (Japan) to 0.760 (UK) [2]. - **2 - Year Treasury Yields**: On August 18, 2025, the 2 - year Treasury yields in the US, UK, Germany, etc. were 3.740%, 3.959%, 1.956% respectively. The latest changes ranged from - 0.024 (Australia) to 0.070 (US), weekly changes from - 0.200 (US) to 0.186 (Italy), monthly changes from - 0.703 (Italy) to 0.553 (Japan), and annual changes showed various trends [2]. - **Exchange Rates**: On August 18, 2025, the US dollar - to - emerging - economy currency exchange rates such as South African rand, Brazilian real, etc. had different values. The latest changes ranged from - 0.69% (Russian ruble) to 0.65% (South African rand), weekly changes from - 2.35% (South African rand) to 0.38% (South Korean won), monthly changes from - 8.22% (Thai baht) to 0.77% (South Korean won), and annual changes also varied [2]. - **Stock Indices**: On August 18, 2025, major global stock indices like the Dow Jones, S&P 500, etc. had different closing values. The latest changes ranged from - 0.50% (Mexican index) to 0.21% (Nasdaq), weekly changes from - 0.18% (UK index) to 8.70% (Spanish index), monthly changes from 8.78% (Mexican index) to 44.46% (Spanish index), and annual changes also showed different trends [2]. - **Credit Bond Indices**: The latest changes in credit bond indices ranged from - 0.08% to 0.08%, weekly changes from - 0.06% to 0.56%, monthly changes from - 0.13% to 2.43%, and annual changes from 4.84% to 15.88% [2][3] Stock Index Futures Trading Data - **Index Performance**: The closing prices of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were 3728.03, 4239.41, 2838.87, 2606.20, and 6668.17 respectively, with daily changes of 0.85%, 0.88%, 0.21%, 2.84%, and 1.52% [4]. - **Valuation**: The PE (TTM) of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were 13.54, 11.56, 31.94, 27.34, and 20.08 respectively, with环比 changes of 0.08, 0.04, 0.37, 0.00, and - 0.04 [4]. - **Risk Premium**: The 1/PE - 10 - year interest rate of S&P 500 and German DAX were - 0.68 and 2.22 respectively, with环比 changes of - 0.02 and 0.04 [4]. - **Fund Flows**: The latest values of fund flows in A - shares, main board, SME board, ChiNext, and CSI 300 were 78.73, - 179.13, N/A, 216.70, and 110.91 respectively, and the 5 - day average values were - 306.54, - 333.88, N/A, 26.76, and 51.22 [4]. - **Trading Volume**: The latest trading volumes of Shanghai and Shenzhen stock markets, CSI 300, SSE 50, SME board, and ChiNext were 27641.63, 6353.66, 1621.58, 5485.68, and 8295.86 respectively, with环比 changes of 5195.51, 1166.79, 199.53, 1082.87, and 1773.47 [4]. - **Main Contract Basis**: The basis of IF, IH, and IC were - 1.61, 9.53, and - 60.17 respectively, with basis ratios of - 0.04%, 0.34%, and - 0.90% [4] Treasury Bond Futures Trading Data - **Closing Prices**: The closing prices of T00, TF00, T01, and TF01 were 108.015, 105.455, 107.865, and 105.380 respectively, with daily changes of 0.00% [5]. - **Funding Rates**: The R001, R007, and SHIBOR - 3M were 1.5037%, 1.5030%, and 1.5490% respectively, with daily changes of 1.00 BP, 1.00 BP, and 0.00 BP [5]

Report Summary 1. Report Industry Investment Rating - No information provided in the content. 2. Core Viewpoints - No explicit core viewpoints are presented in the provided content. The report mainly offers data on global asset market performance, including bond yields, exchange - rates, stock indices, and futures trading data. 3. Summary by Related Catalogs Global Asset Market Performance - **10 - year Treasury Yields of Major Economies**: On August 15, 2025, the 10 - year Treasury yields of the US, UK, France, etc. were 4.319%, 4.696%, 3.467% respectively. The latest changes, weekly changes, monthly changes, and annual changes varied among different countries. For example, the US had a latest change of 0.033, a weekly change of 0.035, a monthly change of - 0.099, and an annual change of 0.375 [3]. - **2 - year Treasury Yields of Major Economies**: The 2 - year Treasury yields of the US, UK, Germany, etc. on August 15, 2025, were 3.927%, 1.970%, 0.822% respectively. Similar to the 10 - year yields, the changes in different time - frames differed across countries [3]. - **Exchange Rates of the US Dollar Against Major Emerging Economies' Currencies**: On August 15, 2025, the exchange rates against South Africa's ZAR, Brazil, Russia, etc. were presented, along with their latest, weekly, monthly, and annual changes. For instance, against South Africa's ZAR, the latest change was - 0.29%, the weekly change was - 0.61%, the monthly change was - 4.12%, and the annual change was not provided in the context [3]. - **Stock Indices of Major Economies**: Stock indices such as the Dow Jones, S&P 500, France CAC, etc. had their closing prices on August 15, 2025, and their latest, weekly, monthly, and annual changes. For example, the Dow Jones closed at 6449.800, with a latest change of - 0.29%, a weekly change of 0.94%, a monthly change of 2.43%, and an annual change of 24.05% [3]. - **Credit Bond Indices**: The indices of emerging economies' investment - grade and high - yield credit bonds, US investment - grade and high - yield credit bonds, and euro - zone investment - grade and high - yield credit bonds had their latest, weekly, monthly, and annual changes. For example, the emerging economies' investment - grade credit bond index had a latest change of - 0.10%, a weekly change of 0.19%, a monthly change of 1.48%, and an annual change of 5.08% [3][4]. Stock Index Futures Trading Data - **Index Performance**: The closing prices and percentage changes of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were provided. For example, the A - share closed at 3696.77 with a 0.83% increase [5]. - **Valuation**: The PE (TTM) and their环比 changes of CSI 300, SSE 50, CSI 500, S&P 500, and Germany DAX were presented. For example, the PE (TTM) of CSI 300 was 13.46 with a 0.04环比 change [5]. - **Risk Premium**: The risk premiums (1/PE - 10 - year interest rate) and their环比 changes of S&P 500 and Germany DAX were given. For example, the risk premium of S&P 500 was - 0.66 with a - 0.02环比 change [5]. - **Fund Flow**: The latest values and 5 - day average values of fund flows in A - shares, the main board, small and medium - sized enterprise board, ChiNext, and CSI 300 were provided. For example, the latest fund flow in A - shares was 931.56, and the 5 - day average was - 217.38 [5]. - **Trading Volume**: The latest trading volumes and环比 changes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small and medium - sized board, and ChiNext were presented. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 22446.12 with a - 345.97环比 change [5]. - **Main Contract Basis and Spread**: The basis and spread of IF, IH, and IC were provided. For example, the basis of IF was 7.05 with a 0.17% spread [5]. Treasury Bond Futures Trading Data - The closing prices and percentage changes of T00, TF00, T01, and TF01 were presented. For example, T00 closed at 108.295 with a - 0.10% change [6]. - The money market interest rates (R001, R007, SHIBOR - 3M) and their daily changes (BP) were provided. For example, R001 was 1.4391% with a - 3.00 BP daily change [6].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View No clear core view presented in the given content. The report mainly shows the performance data of global asset markets. 3. Summary by Related Catalogs Global Asset Market Performance - **10 - Year Treasury Yields**: On August 14, 2025, the 10 - year Treasury yields of major economies varied. For example, the US was 4.286%, the UK was 4.639%. The latest changes, weekly changes, monthly changes, and annual changes also differed among countries. For instance, the US had a latest change of 0.051, a weekly change of 0.035, a monthly change of - 0.167, and an annual change of 0.393 [3]. - **2 - Year Treasury Yields**: The 2 - year Treasury yields of major economies on August 14, 2025, were as follows: the US was 3.720, the UK was 3.904. The changes in different time - spans were also provided, such as the US having a latest change of - 0.040, a weekly change of 0.000, a monthly change of - 0.160, and an annual change not fully shown [3]. - **Exchange Rates**: The US dollar's exchange rates against major emerging economies' currencies on August 14, 2025, were presented, like 5.417 against the South African zar. The latest, weekly, monthly, and annual changes were given, e.g., the South African zar had a latest change of - 0.14%, a weekly change of - 2.32%, a monthly change of - 4.34% [3]. - **Stock Indices**: On August 14, 2025, major economies' stock indices had different values. For example, the Dow Jones was 6468.540, the S&P 500 was 44911.260. The latest, weekly, monthly, and annual changes were also provided, such as the Dow Jones having a latest change of 0.03%, a weekly change of 2.03%, a monthly change of 23.44%, and an annual change not fully shown [3]. - **Credit Bond Indices**: The credit bond indices of different regions and types had various changes. For example, the emerging economies' investment - grade credit bond index had a latest change of - 0.28%, a weekly change of 0.05%, a monthly change of 1.74%, and an annual change of 4.89% [4]. Stock Index Futures Trading Data - **Index Performance**: The closing prices and percentage changes of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were presented. For example, the closing price of A - shares was 3666.44 with a - 0.46% change [5]. - **Valuation**: The PE (TTM) and their环比 changes of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were given. For example, the PE (TTM) of CSI 300 was 13.42 with a 0.00环比 change [5]. - **Risk Premium**: The risk premiums (1/PE - 10 interest rate) and their环比 changes of some indices were provided, such as the S&P 500 having a risk premium of - 0.64 with a - 0.05环比 change [5]. - **Fund Flow**: The latest values and 5 - day average values of fund flows for A - shares, main board, SME board, ChiNext, and CSI 300 were shown. For example, the latest fund flow of A - shares was - 1980.11 [5]. - **Trading Volume**: The latest trading volumes and环比 changes of Shanghai and Shenzhen stock markets, CSI 300, SSE 50, SME board, and ChiNext were presented. For example, the latest trading volume of Shanghai and Shenzhen stock markets was 22792.09 with a 1282.72环比 change [5]. - **Main Contract Premium/Discount**: The basis and percentage of premium/discount of IF, IH, and IC were given. For example, the basis of IF was - 9.51 with a - 0.23% magnitude [5]. Treasury Futures Trading Data - The closing prices and percentage changes of Treasury futures T00, TF00, T01, TF01 were presented. For example, the closing price of T00 was 108.325 with a 0.01% change [6]. - The money market's capital interest rates (R001, R007, SHIBOR - 3M) and their daily changes (BP) were provided. For example, R001 was 1.3518% with a - 12.00 BP daily change [6].

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints of the Report - The report presents the performance data of various global asset markets on August 13, 2025, including bond yields, exchange rates, stock indices, and futures trading data [3][5][6] 3. Summary by Related Catalogs Global Asset Market Performance Bond Yields - **10 - year Treasury Bond Yields**: Yields of major economies showed different changes in the latest, weekly, monthly, and yearly periods. For example, the US 10 - year Treasury bond yield was 4.235 on August 13, 2025, with a latest change of - 0.056, a weekly change of 0.006, a monthly change of - 0.222, and a yearly change of 0.446 [3] - **2 - year Treasury Bond Yields**: Similar to the 10 - year bonds, yields of different countries had varying changes. The US 2 - year Treasury bond yield was 3.760 on August 13, 2025, with a latest change of 0.000, a weekly change of 0.070, a monthly change of - 0.150, and a yearly change of - 0.400 [3] Exchange Rates - **Dollar against Major Emerging Economies' Currencies**: The dollar's exchange rates against currencies like the Brazilian real, Russian ruble, South African rand, etc., had different changes. For example, the dollar - Brazilian real exchange rate was 5.398 on August 13, 2025, with a latest change of 0.16%, a weekly change of - 1.21%, a monthly change of - 3.07%, and a yearly change of - 5.68% [3] - **Renminbi**: The on - shore, off - shore, and middle - price of the renminbi, as well as the 12 - month NDF, also had their respective values and changes on August 13, 2025 [3] Stock Indices - **Major Economies' Stock Indices**: Stock indices of major economies such as the Dow Jones, S&P 500, and Nasdaq showed positive changes in the latest, weekly, monthly, and yearly periods. For example, the Dow Jones index was 6466.580 on August 13, 2025, with a latest change of 0.32%, a weekly change of 1.92%, a monthly change of 3.24%, and a yearly change of 24.69% [3] - **Other Stock Indices**: Including the Russian index, Nikkei, Hang Seng Index, etc., also had their own performance and changes [3] Credit Bond Indices - Credit bond indices of emerging economies and developed economies had different values and changes on August 13, 2025. For example, the emerging economies' investment - grade credit bond index was 3467.280, with a latest change of 0.46%, a weekly change of 0.29%, a monthly change of 2.08%, and a yearly change of 4.65% [3][4] Stock Index Futures Trading Data - **Index Performance**: A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 had their closing prices, price changes, and other data. For example, the CSI 300 index closed at 4176.58 on August 13, 2025, with a price change of 0.79% [5] - **Valuation**: PE (TTM) and risk premiums of different indices were presented, along with their changes [5] - **Fund Flows**: The latest values and 5 - day average values of fund flows in different markets were given [5] - **Trading Volume**: The latest trading volumes and their changes of different markets were provided [5] - **Main Contract Premiums and Discounts**: The basis and basis spreads of IF, IH, and IC were shown [5] Treasury Bond Futures Trading Data - Treasury bond futures T00, TF00, T01, and TF01 had their closing prices and price changes on August 13, 2025 [6] - **Funding Rates**: R001, R007, and SHIBOR - 3M had their rates and daily changes [6]

Report Overview - Report Date: August 12, 2025 [2] - Report Type: Global Asset Market Performance Report 1. Global Bond Market 1.1 10-year Treasury Yields - On August 11, 2025, the 10-year Treasury yields in the US, UK, and France were 4.287%, 4.564%, and 3.355% respectively [3]. - The latest changes in the US, UK, and France were 0.003, -0.036, and 0.007 respectively [3]. - The one - year changes in the US, UK, and France were 0.310, 0.683, and 0.363 respectively [3]. 1.2 2-year Treasury Yields - On August 11, 2025, the 2-year Treasury yields in the US, UK, and Germany were 3.720%, 3.859%, and 1.961% respectively [3]. - The latest changes in the US, UK, and Germany were 0.030, -0.037, and 0.009 respectively [3]. - The one - year changes in the US, UK, and Germany were -0.630, 0.156, and -0.486 respectively [3]. 1.3 Credit Bond Indexes - The latest changes in the US investment - grade credit bond index, Eurozone investment - grade credit bond index, etc. were 0.09%, -0.00%, etc. respectively [3][4]. - The one - year changes in the US investment - grade credit bond index, Eurozone investment - grade credit bond index, etc. were 4.87%, 4.56%, etc. respectively [4]. 2. Global Stock Market 2.1 Major Economy Stock Indexes - On August 11, 2025, the S&P 500, Dow Jones Industrial Average, and NASDAQ were 6373.450, 43975.090, and 21385.400 respectively [3]. - The latest changes in the S&P 500, Dow Jones Industrial Average, and NASDAQ were -0.25%, -0.45%, and -0.30% respectively [3]. - The one - year changes in the S&P 500, Dow Jones Industrial Average, and NASDAQ were 17.02%, 8.99%, and 24.38% respectively [3]. 2.2 Stock Index Futures Trading Data - The closing prices of A - shares, CSI 300, and SSE 50 were 3647.55, 4122.51, and 2789.90 respectively [5]. - The price - to - earnings ratios (PE(TTM)) of CSI 300, SSE 50, and CSI 500 were 13.30, 11.43, and 30.82 respectively [5]. - The latest values of capital flows in A - shares, the main board, and the small and medium - sized enterprise board were 524.49, 191.94, etc. respectively [5]. 3. Foreign Exchange Market 3.1 USD against Major Emerging Economy Currencies - On August 11, 2025, the exchange rates of USD against the Brazilian Real, South African Rand, and South Korean Won were 5.443, 17.757, and 1390.850 respectively [3]. - The latest changes in the exchange rates of USD against the Brazilian Real, South African Rand, and South Korean Won were 0.15%, 0.06%, and 0.21% respectively [3]. - The one - year changes in the exchange rates of USD against the Brazilian Real, South African Rand, and South Korean Won were -5.28%, -2.83%, and 1.55% respectively [3]. 3.2 RMB Exchange Rates - On August 11, 2025, the on - shore RMB, off - shore RMB, and RMB central parity rate were 7.189, 7.197, and 7.141 respectively [3]. - The latest changes in the on - shore RMB, off - shore RMB, and RMB central parity rate were 0.12%, 0.10%, and 0.03% respectively [3]. - The one - year changes in the on - shore RMB, off - shore RMB, and RMB central parity rate were -0.78%, -0.76%, and 0.11% respectively [3]. 4. Futures Market 4.1 Stock Index Futures - The closing prices of A - shares, CSI 300, and SSE 50 were 3647.55, 4122.51, and 2789.90 respectively [5]. - The price - to - earnings ratios (PE(TTM)) of CSI 300, SSE 50, and CSI 500 were 13.30, 11.43, and 30.82 respectively [5]. - The latest values of capital flows in A - shares, the main board, and the small and medium - sized enterprise board were 524.49, 191.94, etc. respectively [5]. 4.2 Treasury Bond Futures - The closing prices of T00, TF00, T01, and TF01 were 108.495, 105.735, 108.390, and 105.780 respectively [6]. - The price changes of T00, TF00, T01, and TF01 were 0.00%, 0.00%, 0.00%, and 0.00% respectively [6].